First-Ever State Bitcoin Purchase Puts Texas in the Spotlight

Texas has become the first U.S. state to obtain bitcoin exposure with public funds, allocating $10 million to its new Strategic Bitcoin Reserve. Texas formally entered the bitcoin arena on Nov. 20, 2025, when officials deployed $10 million of surplus budget funds to acquire bitcoin exposure via Blackrock's IBIT exchange-traded-fund (ETF).

Source: news.bitcoin.com

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